XRP, Bloodbath is ComingBINANCE:XRPUSDT / 1D
Hello Traders, welcome back to another market breakdown.
BINANCE:XRPUSDT is showing strong bearish momentum after BINANCE:BTCUSD and BINANCE:ETHUSD broken bellow resistance. However, the price is oversold for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the high of the range zone for a more strategic entry.
If the pullback holds and sell off confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
XRPUSDT trade ideas
XRP Update: Full Analysis & 8X LONG Entry LevelsThe 3-Feb. low has been pierced. Notice the same chart with the same numbers extracted months ago. This is important because the action keeps happening around those levels.
XRPUSDT moved below the 3-Feb. low/support but closed above it. Then it was challenged again yesterday but the session ended as a higher low compared to 7-April and green. This means that the low is in.
We have a technical double-bottom and a long-term test of support. More than four months of sideways action. The stage is set for bullish growth.
We are already ready and active here with an 8X LONG. Entry levels go from $1.75 to $1.96. Just sharing for your info and convenience.
Yesterday's session was full green and negated the two sessions preceding it. This is a shakeout or stop-loss hunt event. This is a bullish signal if we see it as a failed signal. Bears tried to push prices below support but failed. Another way to look at it; XRPUSDT is trading above support and within the bullish zone. Both are good and pointing toward higher prices.
The weekly timeframe reveals a hammer candlestick after the lowest price in months, since November 2024. See here:
The hammer is an early reversal signal. Once confirmation is in, a change of trend is confirmed. Confirmation comes when several sessions close green after the signal shows up.
Finally, we have marketwide action and related markets.
Cardano produced the same pattern but with a higher low in April rather than a lower low.
Bitcoin is bullish and strong, trading back above 80K.
Nvidia is bullish as well as the SPX. So the correction is over and this is a valid, informed, wise and logical assumption, because the market was down for more than four months.
XRPUSDT has beeen clearly sideways, it still is. But sideways means no growth.
So, a rise starts in early November 2024. It reaches maximum momentum in early December and then slows down but still grows. Going a bit higher in early January and then a minor correction phase. The correction produces a low followed by another low, double-bottom; the main move is a bullish jump starting in November. This is the move that is being corrected and consolidated. Once the action resumes, it will resume what was already happening. Up.
If the market was bearish and set to move lower and continue lower, we would be seeing a steep decline, lower highs and lower lows. Instead, we have a perfect sideaways pattern which tends to show up before additional growth.
XRPUSDT will grow strong, mark my words.
The time is now. Mange your risk but feel free to go LONG (experts only).
The rest of the participants can accumulate (buy) like it is the end of the world.
You should be buying now; buy, buy, buy... Once the action resumes, there is no going back. This is your chance.
We caught the late 2024 bullish wave, we will also catch this one; and then next and so on ad-infinitum.
Thanks a lot for your continued support.
It is my pleasure to write for you. We've been trading XRP together since December 2017.
It has been a great ride.
Feel free to follow me.
Namaste.
XRP May Collapse During This CycleXRP has a giant head and shoulders formation in daily chart.
If it breaks 2$ level support zone, XRP may lose at least -%30 of it's value.
You can use it for short.
Safe entry would be below 2$ with a closeure of daily candle.
Or.. Simply short right from here but it would be risky.
XRP: Fresh Gains Ahead? Bullish Setup Intensifies.XRP Price Poised for Potential Breakout? Bulls Eye Fresh Gains Amid Bullish Setup as Open Interest Surges
The cryptocurrency market is a relentless arena of volatility, sentiment shifts, and technical battles. Among the major digital assets, XRP, the native token of the XRP Ledger, often finds itself at the center of intense debate and speculation, largely due to its unique position, technological proposition, and the long-standing regulatory shadow cast by the Ripple vs. SEC lawsuit in the United States. Recently, however, a confluence of factors has ignited discussions about XRP's potential for a significant upward move. With the price consolidating and holding firm above the psychologically crucial $2 mark, coupled with a notable surge in derivatives' open interest, bullish traders are keenly watching for signs that XRP might be coiling up for its next major run.
The Significance of the $2 Threshold: A Psychological and Technical Battleground
Price levels ending in round numbers often act as powerful psychological magnets in financial markets, and $2 is no exception for XRP. Crossing and holding above such a level can signal a significant shift in market sentiment, transforming previous resistance into potential support. For XRP, reclaiming and maintaining ground above $2 carries several implications:
1. Psychological Boost: A sustained presence above $2 instills confidence among existing holders and can attract new buyers who perceive it as a validation of strength. It breaks a mental barrier that may have previously deterred accumulation.
2. Technical Support: Historically significant price levels often become areas where buying interest clusters. If XRP consistently finds buyers stepping in around the $2 mark, it establishes this zone as a credible technical support level. A strong support base is crucial for launching further upside attempts, as it provides a foundation from which bulls can stage rallies.
3. Confirmation of Strength: In technical analysis, breaking above a major resistance level (which $2 may have been previously) and then successfully defending it as support (a "resistance-support flip") is considered a strong bullish signal. It suggests that the underlying demand is robust enough to absorb selling pressure at that level.
The current price action, characterized by XRP holding above $2 despite broader market fluctuations, is therefore a key factor fueling bullish optimism. It suggests resilience and a potential accumulation phase where buyers are absorbing supply, potentially setting the stage for the next leg higher. However, a decisive break below this level could conversely signal weakness and potentially trigger further downside.
Decoding the Bullish Technical Setup: Chart Patterns and Indicators Aligning?
Beyond the $2 level itself, chart patterns and technical indicators are providing further clues that bulls are closely monitoring. While specific patterns evolve rapidly, several common bullish setups could be in play or forming:
1. Consolidation Patterns: Often, before a significant price move (either up or down), an asset enters a period of consolidation. This can take the form of patterns like:
o Ascending Triangles: Characterized by a horizontal resistance line and a rising trendline of support (higher lows). A breakout above the horizontal resistance is typically considered a bullish continuation signal.
o Bull Flags or Pennants: These are short-term continuation patterns that form after a sharp price increase (the "flagpole"). They represent a brief pause before the trend potentially resumes. A breakout above the flag/pennant's upper boundary signals a likely continuation of the prior uptrend.
o Range Consolidation: Price trading sideways between defined support and resistance levels. A decisive break above the range resistance, especially on high volume, can signal the start of a new uptrend.
2. Moving Averages: Key moving averages (MAs) like the 50-day and 200-day simple moving averages (SMAs) are widely watched indicators of medium and long-term trends.
o Golden Cross: A bullish signal occurs when the shorter-term MA (e.g., 50-day SMA) crosses above the longer-term MA (e.g., 200-day SMA). This indicates that short-term momentum is strengthening relative to the long-term trend.
o Price Above Key MAs: XRP trading consistently above both the 50-day and 200-day MAs is generally viewed as a sign of a healthy uptrend. These MAs can also act as dynamic support levels during pullbacks.
3. Momentum Indicators:
o Relative Strength Index (RSI): This indicator measures the speed and change of price movements. An RSI reading above 50 suggests that bullish momentum is dominant, while readings above 70 indicate potentially overbought conditions (though an asset can remain overbought during strong uptrends). A sustained RSI above 50, possibly bouncing off this level during dips, supports a bullish outlook.
o Moving Average Convergence Divergence (MACD): This trend-following momentum indicator shows the relationship between two exponential moving averages (EMAs). A bullish signal occurs when the MACD line crosses above the signal line, especially if this happens above the zero line.
o
If multiple technical indicators and patterns align – for instance, XRP holding above $2, breaking out of a consolidation pattern, trading above key MAs, and showing strong momentum on the RSI and MACD – the case for a potential run becomes significantly stronger.
Open Interest Surges: Fueling the Fire or Adding Risk?
A particularly noteworthy development often accompanying potential price breakouts is a surge in Open Interest (OI) in the derivatives market (futures and perpetual swaps). Open Interest represents the total number of outstanding derivative contracts that have not been settled. It essentially measures the total amount of capital committed to that market.
• Rising OI + Rising Price: This is generally considered a bullish sign. It suggests that new money is flowing into the market, primarily opening long positions, reflecting increasing conviction among buyers that the price will continue to rise. The new longs add buying pressure and fuel the uptrend.
• Rising OI + Falling Price: This is typically bearish, indicating new money is entering to open short positions, betting on further price declines.
• Falling OI + Rising Price: This might suggest that the rally is driven by short-covering (short sellers buying back to close their positions) rather than new buying interest, potentially making the rally less sustainable.
• Falling OI + Falling Price: This often indicates that traders are losing conviction and closing out existing long positions, potentially signaling the end of a downtrend but not necessarily the start of an uptrend.
The reported surge in XRP's Open Interest while the price holds above $2 aligns with the bullish interpretation (Rising OI + Stable/Rising Price). It implies that traders are increasingly betting on upside continuation, adding capital to back their bullish theses.
However, high Open Interest also introduces risks. A large number of leveraged long positions makes the market vulnerable to a "long squeeze." If the price unexpectedly drops (perhaps due to negative news or a broader market downturn), it can trigger cascading liquidations of these leveraged longs. This forced selling adds intense downward pressure, potentially leading to a sharp price crash. Therefore, while rising OI can confirm bullish sentiment, it also amplifies potential volatility in both directions.
Fundamental Factors: The Ever-Present Shadow of the SEC Lawsuit and XRPL Developments
No analysis of XRP is complete without considering the fundamental factors, dominated by the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The lawsuit, initiated in December 2020, alleges that Ripple conducted an unregistered securities offering through its sales of XRP.
• The SEC Lawsuit: This remains the single most significant factor influencing XRP's price potential, particularly concerning US-based investors and exchanges.
o Positive Outcome/Settlement: A favorable ruling for Ripple, a clear settlement defining XRP as not being a security, or favorable legislation clarifying the status of digital assets could remove a massive cloud of uncertainty. This would likely lead to relistings on US exchanges and potentially trigger a substantial price rally, potentially decoupling XRP somewhat from the broader market trend.
o Negative Outcome: A ruling deeming XRP a security could have severe negative consequences, potentially limiting its utility, hindering adoption (especially in the US), and causing a significant price decline.
o Ongoing Uncertainty: As long as the case drags on, it acts as a headwind, potentially suppressing XRP's price relative to other cryptocurrencies that don't face similar regulatory challenges. Positive developments or perceived wins for Ripple during the legal proceedings often cause short-term price spikes.
• XRP Ledger (XRPL) Developments and Adoption: Beyond the lawsuit, the underlying technology and its adoption matter.
o On-Demand Liquidity (ODL): Ripple's primary use case for XRP, facilitating low-cost, instant cross-border payments, continues to see adoption, primarily outside the US. Growth in ODL volume signifies real-world utility.
o Central Bank Digital Currencies (CBDCs): Ripple is actively engaging with central banks globally, exploring how the XRPL could potentially support CBDC initiatives. Success in this area could significantly boost the ledger's profile and potentially XRP's utility.
o Other Use Cases: Developments around NFTs, decentralized finance (DeFi), and smart contracts on the XRPL, while perhaps less mature than on other blockchains, contribute to the ecosystem's overall value proposition.
Will Buyers Push XRP Further? Potential Targets and Risks
Given the confluence of factors – holding the $2 support, potentially bullish technical setups, and rising open interest – the question remains: can buyers sustain the momentum and push XRP significantly higher?
• Potential Upside Targets: If the bullish scenario plays out and XRP breaks decisively upwards, potential resistance levels and targets could include:
o Recent swing highs (e.g., $2.20, $2.50, depending on recent price action).
o Psychologically important levels ($2.50, $3.00).
o Fibonacci extension levels based on previous price swings.
o The previous all-time high (around $3.40 - $3.84 depending on the exchange data).
• Key Risks: Despite the bullish signals, significant risks persist:
o SEC Lawsuit: Any negative news or ruling remains the primary threat.
o Market-Wide Correction: A downturn in Bitcoin or the broader crypto market could easily drag XRP down, regardless of its individual setup.
o Failure at Resistance: If XRP attempts to rally but fails to break through key overhead resistance levels, it could lead to a reversal.
o Breakdown Below Support: A decisive drop below the $2 support level would invalidate the immediate bullish thesis and could open the door to lower targets (e.g., $1.80, $1.50, or key moving averages).
o OI Liquidation Cascade: As mentioned, high open interest could fuel a sharp sell-off if sentiment sours.
Conclusion: Cautious Optimism Warranted
The current situation for XRP presents a compelling, albeit complex, picture. The ability to hold the crucial $2 support level is a significant show of resilience. Combined with potentially forming bullish technical patterns and a notable surge in open interest suggesting fresh capital inflow and conviction, the ingredients for a potential price run appear to be gathering. Bulls are rightly eyeing fresh gains, encouraged by these developments.
However, caution remains paramount. The cryptocurrency market is inherently volatile, and XRP carries the unique and substantial burden of the SEC lawsuit's uncertainty. While technicals and derivatives data might point towards bullish potential in the near term, fundamental risks and the ever-present possibility of market-wide corrections cannot be ignored. A breakdown below $2 support or negative news from the legal front could quickly invalidate the bullish outlook.
Traders and investors considering XRP must weigh the potentially explosive upside against these considerable risks. Monitoring the $2 level, key resistance zones, developments in the SEC case, and overall market sentiment will be crucial in navigating XRP's next potential move. While the setup looks promising for the bulls, confirmation through decisive price action and continued positive momentum is needed before declaring that XRP is definitively "ready to run."
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you could lose your entire investment. Always conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions.
XRP Ripple Is Showing That Correction In Crypto Is OverHello, Skyrexians!
Let's continue to look at the different confirmations of the incoming growth on crypto. BINANCE:XRPUSDT is one the largest altsoins was in correction for 4 month. This was a global wave 4, now we have the confirmation that Ripple coin will reach new ATH.
Let's take a look at the daily time frame. Previous huge impulse consists of 5 waves. It was a global wave 3, now we are in the ABC shaped wave 4. The anticipated wave C has been finished inside the 0.61 Fibonacci Retracement. Also we can see the bullish divergence and increasing momentum at the Awesome Oscillator. Moreover, we can see the green dot on the Bullish/Bearish Reversal Bar Indicator , which is the great potential growth confirmation. The target for the next wave is approximately at $3.8, but can be recalculated further.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Bearish Continuation or Reversal? XRP at Make-or-Break ZoneCurrent Price: around 1.956 USDT (bouncing slightly as of now).
Support Zone:
First Support: 1.821 USDT
Stronger Demand Zone (highlighted in the blue box): 1.6215 to ~1.84 USDT
Price might test this zone if the downward momentum continues.
Could serve as a potential buy zone or accumulation area.
- Watch for a breakout from the channel with strong volume for confirmation of a reversal.
- A breakdown below the support box would invalidate the bullish outlook and could signal deeper downside.
XRP/USDT DTF Chart – Technical & Fundamental AnalysisXRP/USDT DTF Chart – Technical & Fundamental Analysis
On the DTF chart, XRP is currently in a prolonged consolidation phase, largely due to uncertainty in the financial markets. As we analyze this further, we've identified several key levels that will be crucial for our next market price movement, particularly in alignment with any breakouts that occur at these levels.
We have identified two minor key resistance levels at 2.2500 and 2.5000, which are important to watch. However, the major level we’re eyeing for a potential breakout is 1.9000, our primary support level. This support has already broken clearly, triggering a large volume of sellers’ pending orders. However, market makers stepped in and pushed the price back up, hunting for liquidity. Currently, the price is within this liquidity zone.
We expect a clear liquidity buildup within this zone before the price breaks below the major support again. If that happens, we will position a sell stop order at 1.8900, with a stop-loss at 2.2320 (just above the liquidity zone in case of further liquidity buildup). The take-profit (TP) target is set at 0.9430, the next major key support level.
Technical Outlook:
Key Resistance Levels: 2.2500 and 2.5000
Key Support Level: 1.9000 (already broken, triggering selling pressure)
Liquidity Zone: Current price is within a liquidity zone, anticipating further price action.
Sell Stop Order: 1.8900
Stop-Loss: 2.2320 (above liquidity zone)
Take-Profit: 0.9430 (next major support)
However, this analysis provides a key technical outlook on the setup, while it's also important to consider the positive news surrounding XRP. Ripple's acquisition of Hidden Road and the launch of the Teucrium XRP ETF could act as significant catalysts for XRP’s price. These developments highlight Ripple's commitment to expanding its presence in the growing decentralized finance (DeFi) sector, which could drive future demand for XRP. This is why we are also monitoring the two minor key resistance levels for potential breakouts. If we see breakouts at these levels, it could signal a positive and bullish move for XRP in the future.
On the other hand, the ongoing tensions between China and the U.S. remain a critical factor to watch, as both countries hold substantial Bitcoin reserves, which could influence broader market sentiment. A resolution of these trade disputes could alleviate some market pressures and contribute to a bearish outlook for XRP, especially if the market views these developments as stabilizing factors for global trade. Additionally, it's important to note that the market could face a global recession before the current uncertainties are resolved.
📌 Disclaimer:
This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
XRP/USDT – LONG Setup
Price is moving within a descending channel and currently testing the bottom trendline, which has acted as a strong support historically.
A rounded bottom pattern is forming inside the channel, suggesting a possible accumulation phase before breakout.
Break above $2.00–$2.20 resistance could signal the beginning of a bullish wave toward higher levels.
This structure mirrors classic reversal patterns within downtrend channels. If the bullish reaction holds at the lower boundary and a breakout occurs, XRP may gain significant momentum toward $3+.
🔹 Direction: LONG 📈
🔹 Entry Zone: $1.70 – $1.85
🔹 Stop Loss: Below $1.60
🎯 Targets
TP1: $2.3385
TP2: $2.8160
TP3: $3.3062
Lingrid | XRPUSDT Correction Following ABC move CompletionThe price perfectly fulfilled my previous idea . It reached the target. BINANCE:XRPUSDT price has completed its ABC move, which is typically followed by the pullback we're currently witnessing. The market has broken below the psychological 2.00 level and its established range zone. I think the price may move toward the middle of the range zone, as this area historically acts as both support and resistance. However, considering the downward trendline and the key resistance at 2.00 above, I anticipate the price may rebound from that zone and continue its downward trend. My goal is support zone around 1.60
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Ripple Nearing Strong Support: 18% Upside to $1.99 TargetHello and greetings to all the crypto enthusiasts, ✌
All previous targets were nailed ✅! Now, let’s dive into a full analysis of the upcoming price potential for Ripple 🔍📈.
Ripple is currently approaching the lower boundary of a descending channel, with a robust monthly support level in close proximity. Given this, I anticipate at least an 18% upside from this point, with a target of $1.99, a critical resistance level and a psychologically significant round number. This presents a promising opportunity for short-term growth while navigating key technical levels.📚🙌
🧨 Our team's main opinion is: 🧨
Ripple is approaching strong support in a descending channel, with a potential 18% gain and a target of $1.99, a key resistance level.📚🎇
Give me some energy !!
✨We invest hours crafting valuable ideas, and your support means everything—feel free to ask questions in the comments! 😊💬
Cheers, Mad Whale. 🐋
XRP ... silence before the storm !Hello Traders 🐺
I hope you're doing well — especially during the current market conditions.
Honestly, these days everything seems to be bearish, and staying positive and motivated through the losses is a bit hard, even for pro traders.
But as they say:
If you can't hold during the crash, you probably won't hold during the boom.
Or like the old man said:
"Those who survive the dump, deserve the pump!"
Let’s talk about XRP 👇
As you can see on the chart, price is clearly inside an ascending channel, which can also be considered a bull flag — because when we see a correction after a strong rally, it’s healthy for the market.
In such cases, price tends to form a pattern, and most of the time it's either a channel or some kind of wedge.
In this case, we have an ascending channel — or as mentioned, a bull flag.
So what can we do now?
There are two important trendlines to watch:
The blue line (monthly resistance)
The yellow line (channel support & resistance)
Right now, price is sitting below the blue trendline, so we’ll need a monthly close above it to confirm breakout — it's too early to judge just yet.
If we break in either direction, we have key Fibonacci levels to keep in mind:
0.618 and 0.718 fib levels are acting as support for now — and if we break to the upside, the upper channel resistance is the next big level to watch.
In my opinion, despite BTC.D's current position, there’s a strong chance we’ll see a reversal in the Altcoin sector and a major drop in BTC.D.
If you haven’t read my recent idea about BTC.D yet (which is going viral and was even chosen as an Editor’s Pick), I strongly suggest checking it out here 👇
It’s super important to combine macro fundamentals with technical analysis — and when it comes to Altcoins, BTC.D is a key index you should always pay attention to.
I hope you find this information valuable — and as always, remember:
🐺 Discipline is rarely enjoyable, but almost always profitable
🐺 KIU_COIN 🐺
#XRPUSDT: Bullish Reversal Coming With Price Heading Back To 3.5## XRPUSDT Analysis: Long-Term Perspective
In the long term, we anticipate the XRPUSDT price to revert to its all-time high of 3.5. From a fundamental analysis standpoint, we maintain a positive outlook, with the potential for the price to surpass 3.5. We have identified a favourable trading opportunity, as illustrated in the chart.
Our approach is neutral, as the trend remains undecided. Based on the duration of your positions, you can set two targets:
1. **Short-Term Target:** If you intend to hold your positions for a short period, aim for a price level above 3.5.
2. **Long-Term Target:** For long-term investors, a target price of 4.0 or higher is plausible.
We are committed to providing comprehensive analysis and support. Should you have any inquiries or require further clarification, please do not hesitate to contact us.
Additionally, we would appreciate your insights on which cryptocurrency pair you would like to explore next.
Regards,
Team Setupsfx_
Phemex Analysis #71: Pro Tips for Trading Ripple (XRP)Ripple ( PHEMEX:XRPUSDT.P )has seen significant developments with the launch of its US dollar-backed stable coin, RLUSD (launched in December 2024), integrated into its Ripple Payments platform to improve cross-border enterprise transactions. The stable coin, regulated by the NYDFS, has experienced substantial growth, approaching a $250 million market cap and nearly $10 billion in trading volume, exceeding Ripple's projections. RLUSD is increasingly used as collateral in both crypto and traditional finance markets, and NGOs are exploring its use for donations.
Despite the positive developments surrounding RLUSD, XRP's price has failed to hold above the $1.76 support level. XRP recently dropped to a low of $1.61 due to US tariff news that pushed the broader market downwards.
Today, we will explore several possible scenarios for XRP's price action in the coming days to identify potential profit opportunities in this uncertain market.
Possible Scenarios.
1. Bearish Breakdown Below Support:
If XRP breaks decisively below the $1.61 support level with significant volume, it could signal a continuation of the bearish trend.
Pro Tips:
Consider shorting XRP on a confirmed break below $1.61.
Potential support levels to target: $1.43, $1.28, or even $1.05.
Place a stop-loss order above a recent swing high (e.g., $1.65) to manage risk.
2. Rebound from Support:
The $1.61 level represents a recent low, and a price bounce is possible, especially if broader market sentiment improves. Besides, support levels like $1.43, $1.28, and $1.05 are targets to watch for too.
Pro Tips:
Watch for bullish reversal patterns around the support level (e.g., increased buying volume, RSI divergence, bullish candlestick patterns).
Consider entering a long position on confirmation of a rebound.
Potential resistance levels to target: $2.0, $2.17, and $2.45.
Place a stop-loss order below the targeted support level to protect against further downside.
3. Consolidation within a Range:
XRP might consolidate between the $1.61 support and the $2.0 resistance if market uncertainty persists.
Pro Tips:
Consider range-bound trading strategies: buying near $1.61 and selling near $2.0.
Utilize grid trading bots within this range.
Set stop-loss orders outside the range (below $1.60 and above $2.0) to prepare for a potential breakout or breakdown.
Conclusion.
XRP's price action is currently influenced by both the positive developments surrounding RLUSD and the broader market uncertainty. Traders should remain vigilant and adapt their strategies based on the prevailing market conditions. By carefully monitoring key support and resistance levels, analyzing trading volume and technical indicators, and implementing appropriate risk management measures, traders can position themselves to capitalize on potential opportunities in the XRP market. Whether the price breaks down, rebounds, or consolidates, a disciplined and informed approach is crucial for successful trading.
Tips:
🔥 Break free from "buy low, sell high"! Our new Pilot Contract empowers you to profit from ANY market direction on DEX coins with up to 3x leverage. Go long, go short, go further!
Check out Phemex - Pilot Contract today!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
XRP range - price sitting on supportXRP seems to have established a range here with price now close to the bottom of the range.
Also possible ascending channel with price reacting to bottom of channel.
Also seeing these possible flags/descending channels with price consolidating downwards with a good possibility for a reaction around these confluences.
Invalidation is below the lower support for the range with maybe a little room in case of deviation.
Long Position XRP/USDT🚨 XRP/USDT – Intraday Outlook (15-min Chart)
After reacting strongly to the mid-term support at 1.630, XRP has been climbing steadily and is now testing short-term trendline support to break it down to 1.8153.
🔹 Current Price: 1.93
🔹 Support Zone to Watch: 1.8153 – 1.7083 (Possible Long Zone)
🔹 Upside Target: 2.15+
📉 A short-term pullback toward the Possible Long Zone could offer a high-probability long setup. If bulls step in around that level, we might see a trend continuation toward the 2.15 or even higher regions, signaling a potential bullish reversal on the mid-term.
📊 With the overall recovery trend still holding, traders should watch for a break-retest setup or a bullish confirmation in the demand zone.
🧠 Smart Play: Patience is key. Let the price come to your level and watch for confluence.
What do you think? Is XRP ready to reverse for good?
XRPUSDT → The bulls won't hold support. Falling to 1.9BINANCE:XRPUSDT is under pressure despite quite positive news. The coin, being in a downtrend, continues to test the key support. The chance of a breakdown is growing
XRP continues to test a strong support zone on the weekly timeframe, relative to this zone, in the medium term, two scenarios can develop, which depend on the general mood in the market. If the current backdrop persists, the chance of a downside breakdown and further decline is quite high.
At the moment, the focus is on the key support at 2.0637, relative to which the retests continue, and the reaction is getting weaker and weaker, which in general only increases the chances of a further fall to 1.9 - 1.63.
Resistance levels: 2.265, 2.365, 2.509
Support levels: 2.0637, 1.9
The cryptocurrency market is going through bad times (Tariff War, high inflation, stock market decline, disappointment of the crypto community due to expectations) and until the situation starts to change, the technical picture will remain negative. XRP may continue its fall after a small correction.
Regards R. Linda!
XRP at $1.9: Testing Key SupportXRP is currently trading at $1.9, a pivotal level, as the crypto market grapples with a 4.4% drop in the last 24 hours. Macro uncertainty, think US inflation data and Fed rate hike fears, is pressuring risk assets. Yet, XRP holds steady, buoyed by whispers of a Ripple partnership with a major European bank for cross-border payments and ETF speculation (unconfirmed).
Technical Analysis
Short-Term (Daily Chart):
Support: $1.90 (current), $1.80
Resistance: $2.00, $2.10
RSI sits at 48 (neutral), while MACD hints at bearish momentum. XRP’s testing the lower edge of a descending channel, holding $1.90 could trigger a bounce to $2.00, but a break below eyes $1.80.
Long-Term (Weekly Chart):
Support: $1.70, $1.50
Resistance: $2.50, $3.00
The 200-day MA is sloping down, signaling caution, but $1.70 is a solid base for bulls.
Potential Scenarios
Bullish: If $1.90 holds and $2.00 falls with strong volume, expect a push to $2.10 short-term, possibly $2.50 long-term if adoption news hits.
Bearish: A crack below $1.90 could test $1.80, with $1.70 next if selling ramps up.
Trading Tips and Context
XRP’s real-world use in payments and recent partnerships fuel long-term hope, but the SEC lawsuit looms as a risk. Short-term traders: trade the range between $1.90 support and $2.00 resistance, set stops tight (e.g., below $1.90 for longs). Long-term holders: $1.70 is your critical level. Keep an eye on SEC updates or ETF chatter for catalysts.